DAO

arBettor

No problem. On your broader point: I see what you're getting at, but I think there's more nuance to it. Each network has its own set of participants and values and thresholds for 'amending the rules'. I think Bitcoin is quite distinctive from Ethereum in how participants would handle a crisis like the Parity DAO situation, partly based on those values, but also based on the presence, or lack thereof, of highly influential voices. I'm glad Bitcoin doesn't have a founder to look to for guidance anymore. We're all left to sort out the risks and benefits of significant changes on our own. And Bitcoin's slowness to change is a consequence, but that is probably a benefit to its core function. Ethereum on the other hand, is stuck in a tricker place where they are more prone to move fast and break things, but also probably slower and more cautious than their upstart competitors. I suspect that's fueling a bit of an identity crisis in Ethereum, and leading to market share erosion. I'm not sure how that will play out, but perhaps the Parity DAO response sowed the seeds for this long ago and they will need to reckon with it.

Mountainman220

Imagine having a DAO for voting. Amazing usecase. Public ledger that’s decentralized and no one can say it was manipulated because it’s all out in the open.

420-BiomedStockDoc

Like a Airline DAO

kvimbi

But DAO hit over 50 thousand and they said it's not possible.

-staccato-

Bitcoin doesn't have voting on policy and changes, but a lot of cryptocurrencies do. Look up DAO's.

Affectionate-Bid386

Defi protocols leverage AI-optimized, cross-chain smart contracts to revolutionize decentralized capital efficiency through next-generation liquidity aggregation and paradigm-shifting tokenomics. DAO infrastructure delivers frictionless Web3 yield farming with enterprise-grade scalability and dynamic fee optimization. Users see unprecedented returns through synergistic blockchain interoperability and disruptive AMM algorithms designed for the metaverse-ready financial future.

Professional_You1081

My dad did this in 1999. We went from rich to homeless in 6 months. 28 acres and a beautiful home to a tent. I'm sorry for your loss. I understand. I was 13 years old. Selling my Sega Genesis for 5 bucks was hard, but it became more difficult over time. We remain in poverty 35 years later. I repeated the behavior by investing in my life savings into the original DAO (The DAO) backed by vitalik of Ethereum. My losses would now be worth over 60 million dollars. I now rock a solid 30 percent return on my investments, but I also remain in poverty. I have a different account with proof to back this.

BuyByTheNumbers

$5k into Klima DAO at his launch.. go ahead and look it up im still holding, about to sell it to offset some gains i made this year.

chillguy89_vn

Over the next 3-6 months, in recent days I’m really curious about DAO, the AI-powered Edtech company

TimeGrownOld

Nah, we already say this with the ETH DAO hack. Old ETH went to zero but the forked ETH remained fine. It's just the unlucky transactions that happen between the point of failure and the decision to fork that will get rolled back. That's the beauty of an immutable ledger; you can just go back in time and start from their (with enough community agreement).

3xonblack

Anyone remember 2021 when DAO crypto bros were printing infinite money like a glitch in the matrix? Yeah we’re heading back to that 

IpschwitzTownFC

TL;DR: The Magnificent 7 can still 2x from here. But after that? Without transcending biological capital cycles, we crash into the Great Plateau — a flatline where valuation, innovation, and reality drift into economic surrealism. Let’s not kid ourselves — the Magnificent 7 aren’t just companies anymore. They’re economic gravitational wells, warping the fabric of global capital allocation. As of April 2025, the M7 have punched through a $15.2 trillion combined market cap, exhibiting a capital velocity ratio of >1.6x GDP-adjusted capital infusion. Nvidia’s market cap now exceeds the nominal GDP of France. Tesla’s vertical integration has absorbed entire commodity chains, and Meta has begun issuing its own sovereign-grade synthetic currencies inside the Metaverse Stack. But here's the kicker: based on projected quantum compute capacity and full LLM-DAO integration by 2027, we estimate that the Magnificent 7 will reach Omega Valuation Band — that’s a combined $33.7–$35.4 trillion in market cap, or approximately 1.2x Earth’s annual economic output, discounting planetary-scale resource arbitrage. This isn’t traditional growth. This is post-linear value extraction via AI-managed neurocommerce, emotion-indexed demand engines, and preemptive supply chain prediction via 5th-gen temporal inference models. There’s a civilizational cap forming — a latent limit imposed not by markets, but by the boundaries of human cognition and biophysical infrastructure. Even with carbon-neutral server clusters orbiting in low-Earth thermospheres, we’re constrained by entropy, bandwidth saturation, and the sheer latency of analog consciousness. Unless we offload consumer markets to Mars colonies or digitize consciousness at scale (which Apple’s Project AEON is rumored to be targeting by 2032), the M7’s growth vector will kink at the Anthropocentric Singularity. We may already be pricing in futures that can’t exist yet.

pgold05

I don't cycle, most offers are 6-18 month. I pay 0 fees, I actually often (but not always) get cash back and various signup bonuses. > good 0% card recommendations? Changes often, right now I would say - [Case ink business](https://creditcards.chase.com/a1/DAO/Ink-Homepage/Unlimited1124?CELL=6D4C&jp_cmp=cc/Ink+Unlimited_Brand_Exact_Ink+Unlimited_SEM_US_NA_Standard_NA/sea/p56076019896/Business+Card+-+Chase+-+Ink+Unlimited&gclsrc=aw.ds&ds_rl=1268784&ds_rl=1256726&gad_source=1&gbraid=0AAAAADxcdemB83V_Fln-n6Q-pfM6eSkDJ&gclid=CjwKCAjwwqfABhBcEiwAZJjC3rKd1xxHXIVItwM2YezldTUAIAKP-TMezFLAV4RJPFSIt_LI1ilOBBoC9D0QAvD_BwE&gclsrc=aw.ds), bonus $750 + 1.5% cash back, 0 apr 12 months - [Wells fargo active cash](https://creditcards.wellsfargo.com/cards/active-cash-credit-card/?FPID=0126D7I6F40000&product_code=CC&subproduct_code=AC&sub_channel=SEM&vendor_code=G&cx_nm=CXNAME_PDCSPD&placement_id=71700000085003452_43700074727213465&gclid=CjwKCAjwwqfABhBcEiwAZJjC3hR-vYwPFEW_KElMMO5g84o-MYjHjd6Cr5NmejseMyz3Mt5Oc07XhxoCVbEQAvD_BwE&gclsrc=aw.ds) $200 bonus, 0 APR 12 months, 2% cash back Generally there are endless 0 APR options out there but these two were the best as far as rewards.

CadGabicles

Everyone talks about the DOW but no one considers the DAO 

dagger_5005

OK, I'm no expert in M&A or crypto, so I need someone smarter than me at both to check this, but what if we created a DAO that formed a SPAC and the DAO decided which company to take over, and how to run it?

felicity_jericho_ttv

I had no idea about forks, i just looked it up DAO’s are also pretty interesting(they were in the same article) forks seem pretty chaotic though with the potential for creating duplicate coins if not everyone is on board with updating. Also, to go back to the value of gold. Its a rare metal, it has extremely useful properties like as a low resistance conductor, corrosion resistance. It has value BECAUSE of these properties. Bitcoin on the other hand is literally just a glorified tally system, it has no use beyond being a currency. It only has value because people say it does. If all of modern society collapsed gold would still have value

bjorneylol

I was just pointing out that no, it isn't "the dumbest statistic ever thrown around", it's just 1 decimal place off. > but again it literally shows binance, tether bitfinex, like I understand NYKNYC but saying its owned by them is like saying vanguard owns the money in their aum Which is exactly the point - large entities managing huge amounts of 'not actually theirs' crypto have literally tanked the global market like 50 times already - just look at Mt Gox, Bitfinex, Ethereum DAO, Parity Wallet, QuandrigaCX, FTX, Poolin, etc. and thats just off the top of my head. Vanguard may not own the assets, but they have control over it, it's the 'M' in "AUM". Vanguard votes with your shares in accordance to their proxy policy, and if they decided it was in their shareholders best interest, they could absolutely cause huge movements in the global markets by divesting from a specific asset

Ecsquarz

$DAO puts

kwijibokwijibo

In the past, victims of crypto hacks have been given recourse by rolling back entire networks. One high profile case was ETH doing it for the DAO hack. But yes, it usually only applies to high profile cases But today, if someone phishes you and clears out your USD bank account, how do you get recourse? I'm actually not clear on this - are you insured against phishing? Or only against the bank going under?

kwijibokwijibo

No single entity does, yeah. Everyone together regulates and has in the past - there are times when the entire network has agreed on what's called a hard fork Examples include Ethereum rolling back the network because of the DAO hack, so that they could undo the hacker's transactions and return tokens back to the victims One concern with BTC is if any single entity ever gets control of over 50% of all nodes, they can entirely control which transactions are valid / invalid So far hasn't happened - but it could. But USD already has a single entity controlling anything anyway, so it's not like fiat is safe either

Blackout38

Ahh see I’m referring to the time etherium was forced to hard fork to save the private equity firm that backed DAO who had the most to lose following a hack. Sure would suck to pick the side that doesn’t have the group with the most supply at risk when shit hits the fan during a hack.

DeliriousPrecarious

Correct. I thought value would come from utility and I saw no path to that happening. In that regard I feel vindicated. I don’t believe I was wrong in assessing bitcoin as technology. I was wrong in assessing bitcoins role in society. For what it’s worth I think many bitcoin advocates also believed utility mattered to some degree. The people who understood bitcoin best were always the ones who just said it’s something to own. Every DAO, DeFi, snd NFT project is just fig leaf to cover up the fact that Bitcoin is valuable because we choose to believe it’s valuable and that’s all.

peakdecline

Ethereum is still the second highest market cap currency. That's whatever. The problem with ETH is it delivers on basically none of the real core economic or decentralization tenets that Bitcoin achieves. (i.e. look up the DAO hack and reversal of the transaction... showing that ETH is centralized, has been from very early on, and is therefore not truly useful as a trust-less ledger like Bitcoin is... ). LiteCoin was basically created to make the creator rich, it succeeded (he sold all his LiteCoin). He just had a clever way of marketing it. There are an endless number of cryptocurrencies out there. The overwhelming majority of them are basically get rich quick scams. The second majority are ill conceived projects. And probably the last portion of them are earnest attempts to creating something useful but end up being scams or failing to achieve their stated goals. Bitcoin is the only one that matters. It works. Its decentralized and truly trust-less. It could function as a world reserve currency (or one of them) and actually provide an alternative to nation state controlled currencies.

silentjxhn

> However, I want to emphasize that without Bitcoin, no altcoins would exist—period. While these altcoins may be utilizing blockchain technology in various ways, they only exist because Bitcoin paved the way. Iterating on an idea doesn't make them all copycats, especially in Ethereum's case, which has introduced revolutionary concepts. > Additionally, the entire cryptocurrency market is fundamentally tied to Bitcoin’s cycles, which directly influence bull and bear markets across all altcoins. Similar assets typically follow one another, especially in an asset class in which the top one holds 53% of the marketcap of that asset class. This likely won't always be true. > Regarding Ethereum, I strongly disagree with the notion that it represents a truly decentralized protocol You are wrong. This is false. Ethereum has 1,062,899 active validators and 6,401 nodes across the globe, making it sufficiently decentralized. > In fact, Ethereum is a prime example of an altcoin with a leader who can, and has, altered the rules. Ethereum development has become sufficiently decentralized over time. Unique to Ethereum is a multi-client approach, where researchers work with developers to create plain text specifications. These specifications are then implemented by multiple client developers who work independently. This is different to all other blockchain projects where the core team develops a single client. Now, of course, there are arguments for a single client - putting all resources into one client could make for a higher quality client than 4 or 5 not-as-high-quality client, but this is clearly the most decentralized approach. For example, there are currently 4 consensus layer clients in production, and 1 more in development - all developed by teams independent of the Ethereum Foundation (apart from receiving grants). For any consensus forks, these 5 development teams have to agree on upgrades, and then 135,000+ validators do as well. This is not how a centralized network functions. Not to mention Ethereum's strong "Layer 0" that all developers and validators listen to intently - its community. For example, EIP-1559 has been significantly motivated by the will of the community. > A notable instance is the 2016 DAO hack, where Vitalik Buterin, Ethereum’s founder, led a controversial decision to hard fork the Ethereum blockchain to reverse the transactions and return stolen funds. Firstly, the DAO fork was not a rollback. It was a unique situation where the hackers had to wait 28 days for withdrawals, so a smart contract change was executed. There was strong consensus across developers, users, miners and community alike - it was hardly a centralized decision. Those who disagreed simply moved to Ethereum Classic. It's a win-win situation for all. Ethereum was still a very, very new project then. You know which other project did a rollback when it was less than 2 years old? [Value overflow incident - Bitcoin Wiki](https://en.bitcoin.it/wiki/Value_overflow_incident) EIP-999 being rejected is the final deathblow to this hypothesis. There was a chance to rollback 500,000 ETH to an entity managed by one of its co-founders, and the community overwhelmingly rejected it. Rollbacks do not happen on Ethereum. > This action directly contradicts the principles of immutability and decentralization that are supposed to underpin blockchain technology. It seems that way only because Bitcoin maxis tend to frame it as such. When you actually explore what actually happened, it's a lot less of a slam dunk talking point than you think. Everything you mention is just stock Bitcoin Maxi FUD, plagued with misinformation.

Smooth_Pianist485

I understand your perspective. However, I want to emphasize that without Bitcoin, no altcoins would exist—period. While these altcoins may be utilizing blockchain technology in various ways, they only exist because Bitcoin paved the way. Additionally, the entire cryptocurrency market is fundamentally tied to Bitcoin’s cycles, which directly influence bull and bear markets across all altcoins. Regarding Ethereum, I strongly disagree with the notion that it represents a truly decentralized protocol. In fact, Ethereum is a prime example of an altcoin with a leader who can, and has, altered the rules. A notable instance is the 2016 DAO hack, where Vitalik Buterin, Ethereum’s founder, led a controversial decision to hard fork the Ethereum blockchain to reverse the transactions and return stolen funds. This action directly contradicts the principles of immutability and decentralization that are supposed to underpin blockchain technology.

zjm555

> This is 100% false, and spoken with seemingly total unawareness of industry standard compliance certifications Uh, no. Having achieved FedRAMP compliance and ATO within the DoD for software I've personally written, as well as multiple successful FDA 510(k) approvals under ISO-9001 derived QMSs, I can attest with great conviction that it's a whole lot of box-checking that has little real impact on _actual_ software and process quality. ATO in particular is just a measure of whether you've convinced the DAO you're not going to make them look bad in front of their bosses, and that you've made the ISSM or equivalent role have all their boxes ticked. The trouble with those boxes is that they're too generic to really capture the requirements of software safety and liveness properties, which are applicaiton specific. Also it's spelled HIPAA. And that one is also not as technically rigorous as people assume.

cryptOwOcurrency

There were no transactions reversed in the DAO fork. They did not “restart the whole blockchain” - no transactions were changed, only the state of the DAO contract address was modified. It was a state change only. No reversal, no restart. The chain had 100% uptime during the procedure. Again, check the sources that have been provided to you. I really don’t want to get into this with you, it brings me neither joy nor fulfillment. We’re not even in a crypto sub here, so I don’t want to be one of two crypto bros bickering in the comments section. Just read more about what actually happened and do some learning. Thanks.

dontblamemeivotedfor

> This is one of the most factually wrong comments I’ve heard about Bitcoin. As the other commenter mentioned, Bitcoin has been down twice, while Ethereum has actually not been down at all. Really? Your whole take on this is that the "The DAO" hack and subsequent rewriting of ETH, split into ETH and ETC, and reversal of transactions *never happened!!!*?

pa7x1

This is all well documented. The Bitcoin blockchain not only reverted 1 transaction, it reverted many. As it hard forked and undid over 6 hours of transactions. This was not part of natural short term reorgs. This was a hard fork to rewrite the past. Literally rewrite the past. Get the facts right. I'm posting detailed evidence and sources of what I state. From bitcoin centric sources, even! https://en.bitcoin.it/wiki/Value_overflow_incident In contrast the DAO hard fork of Ethereum didn't rewrite the past. Everything is still recorded in Ethereum's history. This is the block where the hack started: https://etherscan.io/block/1718497 All there. Unperturbed. Immutable. You are probably getting downvoted because you keep making factually incorrect statements.

Smooth_Pianist485

No. There has never been a transaction on the Bitcoin ledger that has been reversed or revised in the traditional sense. Once transactions are confirmed and added to the blockchain, they are immutable. However, temporary reorganization due to orphaned blocks or forks can cause temporary reversals, but these do not constitute a revision of confirmed transactions. And yes, Ethereum has experienced transactions being reversed or revised. The most notable instance is was in 2016. A vulnerability in the DAO (Decentralized Autonomous Organization) smart contract was exploited, resulting in approximately 3.6 million ETH being siphoned off. To address this, the Ethereum community decided to implement a hard fork to reverse the effects of the hack. The hard fork created two separate blockchains: Ethereum (ETH) and Ethereum Classic (ETC). On the Ethereum (ETH) chain, the stolen funds were moved to a recovery address, effectively reversing the transactions associated with the hack. On the Ethereum Classic (ETC) chain, the transactions remained unchanged, preserving the original state of the blockchain.

RaspingHaddock

I already gave you my reasoning. Honestly I'm impressed alone that GameStop lasted the last three years. They wanted to Sears, or Toy R Us it, but they couldn't. Now GameStop is primed for a turnaround. It's also worth noting that I don't believe the NFT Marketplace was a complete waste. Pleaser DAO is now going to use the same technology to disseminate the Wu Tang album to shareholders. That was made possible by a lot of the Web 3.0 work GameStop did. I don't think they are completely sunsetting the nft marketplace just yet and I believe they are going to relaunch it as a Web 3.0 game marketplace. But yes, officially it's sunsetted. I'm okay with that too, I trust Ryan Cohen to understand when something is not going to be as fruitful as originally thought and to be able to pivot. Also, it's funny you mention us just giving money to RC. Have you seen where the money goes? RC hasn't taken a salary since starting. No bonuses either. I don't mind that he raised cash for the company because I can see where it's going.

pinghing

*hits crack pipe* Bros gamestock is diluting to bring back the gamestonk NFT marketplace. So that gamestonk can revolutionize the market with blockchain jpegs and movies that you can pay 300 dollars for with 50 dollar blockchain fees. Then they'll come out with the Gamestock stablecoin with a DAO so that gamestonk shareholders can vote on future actions brought on by Ryan Cohen. With that in place they will bring back While the game stock stablecoin becomes the world reserve currency with it's own stock market BUT on the block chain.

MrGlockCLE

DAO Superpac based on community voting 🔜

BNeutral

So 51% attacks according to you both "can't happen" and also "doesn't matter if they happen". Guess all the infrastructure of btc is for nothing. Running your own node is irrelevant in this discussion of miners, the problem is not you as a user, you may not even have any transactions ongoing in this scenario, the problem is that the chain doesn't exist in isolation, by the time a double spend is dealt with, thirds parties (may it be exchanges, businesses, bridges, or whatever) may have already taken the hit. And if double spends can happen, a chain is mostly worthless, as it's the single most important thing it has to prevent. Notable 51% attacks have happened both to bitcoin gold (a fork of BTC to use zhash) and ethereum classic (the old version where they didn't roll back the DAO hack fiasco), where 18 million worth and 6 million worth were double spent and quickly cashed out. You can go read up on how that played out. There are real reasons why Proof of Work is seen as mostly "a bad idea" these days, to the point Ethereum migrated to PoS. If you want to cover your ears, suit yourself, but the problems exist.

BNeutral

You're not going to get any good takes here. You're going to get a mix of boomers going "it's a scam and I don't understand it" and zoomers going "it's the way of the future join my DAO". My take: Crypto as a concept is great, and solves multiple actual problems in a practically useful and resistant way. But bitcoin does not fulfill the initial goals of being a digital currency, and proof of work networks will likely hit some tipping point where the pressure to increase price to make mining profitable hits against all the people trying to take profit on absurd gains. In such a case the likely scenario is that mining becomes centralized (at already is to some extent), and then btc will have failed at two of the things it proposed to do instead of only one of them (being currency, being secure, and being decentralized), and should become worthless due to that.

KeepinGreen56

DAO $5c 3/15 yoloooooooo

KeepinGreen56

DAO PRINTING CASH TODAY! 

Extension-Metal-6168

DAO

CaptainUnderpantsUSA

1. ETH / Ethereum: Safest crypto asset (arguably safer than Bitcoin). Could easily be 50-90% of your portfolio and you will have a very good time over the next 1-10 years. Blackrock ETF inevitable, maybe as soon as May. Check out this website to see the rate at which ETH is deflationary: https://ultrasound.money/ Earn additional yield on ETH (essentially) risk-free via staking. You can stake through a custodian like Coinbase, or on your own. Current yield (denominated in ETH, not USD) through Coinbase is around 2.85%: https://www.coinbase.com/earn/staking/ethereum 2. ARB / Arbitrum: Moderate risk. Most widely used Layer 2 (L2): https://www.coingecko.com/en/chains/layer-2 https://arbitrum.io/ Arbitrum is an L2 scaling solution for Ethereum. L2s work by batching transactions together to minimize costs. As an example, if a typical transaction on Ethereum costs $5, if you batch 100 of those transactions together and then post that as a single $5 transaction to Ethereum, the cost of each of those 100 transactions drops to $0.05. That is the essence of a Layer 2 and Arbitrum is the most used even though its market cap is significantly lower than some of its main competitors (Optimism, Polygon/MATIC, etc). Ethereum L2s as a class basically compete against other performant Layer 1s like Solana, Algorand, Internet Computer, Cardano, Polkadot, & Avalanche. Ethereum and Bitcoin are Layer 1 blockchains as well. 3. MAGIC / Treasure DAO: Moderate to High risk. Built on Arbitrum. They are pioneers of the Arbitrum ecosystem and are largely responsible for its success. They are a decentralized gaming ecosystem and are still very under the radar. https://treasure.lol/ Here is a substack article the founder just put out today: https://treasuredao.substack.com/p/the-decentralized-game-console I have been following them closely for 3 years and they are a world class team. High integrity, fierce builders, excellent community. 4. SMOL / Smolcoin: Very high risk. It is a token on Arbitrum. You can purchase it with ETH, USDC, or any other token on Uniswap on the Arbitrum network here. Current market cap is around $6M. Extreme risk/reward ratio. ‘Smol brains’ is one of the flagship games/projects/NFT universes of the Treasure DAO project. The SMOL token was launched by the community and will almost certainly be the native token for the upcoming Smol game being built by a very seasoned gaming studio called Darkbright. Hub: https://treasure-dao.notion.site/Smolville-Hub-Resources-cfa6c596e2a443c89df18d49280a20dd The bull case is that the smol game becomes a hit and/or Smolbrain NFTs surge in value (again), and SMOL gets treated like APE coin, or Axie infinity during the last bull market.

CaptainUnderpantsUSA

1. ETH / Ethereum: Safest crypto asset (arguably safer than Bitcoin). Could easily be 50-90% of your portfolio and you will have a very good time over the next 1-10 years. Blackrock ETF inevitable, maybe as soon as May. Check out this website to see the rate at which ETH is deflationary: https://ultrasound.money/ Earn additional yield on ETH (essentially) risk-free via staking. You can stake through a custodian like Coinbase, or on your own. Current yield (denominated in ETH, not USD) through Coinbase is around 2.85%: https://www.coinbase.com/earn/staking/ethereum 2. ARB / Arbitrum: Moderate risk. Most widely used Layer 2 (L2): https://www.coingecko.com/en/chains/layer-2 https://arbitrum.io/ Arbitrum is an L2 scaling solution for Ethereum. L2s work by batching transactions together to minimize costs. As an example, if a typical transaction on Ethereum costs $5, if you batch 100 of those transactions together and then post that as a single $5 transaction to Ethereum, the cost of each of those 100 transactions drops to $0.05. That is the essence of a Layer 2 and Arbitrum is the most used even though its market cap is significantly lower than some of its main competitors (Optimism, Polygon/MATIC, etc). Ethereum L2s as a class basically compete against other performant Layer 1s like Solana, Algorand, Internet Computer, Cardano, Polkadot, & Avalanche. Ethereum and Bitcoin are Layer 1 blockchains as well. 3. MAGIC / Treasure DAO: Moderate to High risk. Built on Arbitrum. They are pioneers of the Arbitrum ecosystem and are largely responsible for its success. They are a decentralized gaming ecosystem and are still very under the radar. https://treasure.lol/ Here is a substack article the founder just put out today: https://treasuredao.substack.com/p/the-decentralized-game-console I have been following them closely for 3 years and they are a world class team. High integrity, fierce builders, excellent community. 4. SMOL / Smolcoin: Very high risk. It is a token on Arbitrum. You can purchase it with ETH, USDC, or any other token on Uniswap on the Arbitrum network here. Current market cap is around $6M. Extreme risk/reward ratio. ‘Smol brains’ is one of the flagship games/projects/NFT universes of the Treasure DAO project. The SMOL token was launched by the community and will almost certainly be the native token for the upcoming Smol game being built by a very seasoned gaming studio called Darkbright. Hub: https://treasure-dao.notion.site/Smolville-Hub-Resources-cfa6c596e2a443c89df18d49280a20dd The bull case is that the smol game becomes a hit and/or Smolbrain NFTs surge in value (again), and SMOL gets treated like APE coin, or Axie infinity during the last bull market.

KeepinGreen56

Thoughts on DAO going over $5.30 by 3/15?

KeepinGreen56

DAO lookin MINT

drew2222222

Automation ARKQ Genomics ARKG Batteries LIT Fusion Energy (Private equity TAE Technologies) Crypto - ARAGON (DAO platform) Crypto - ETHEREUM Crypto - Chainlink Obviously semiconductors is a great play and will continue forever, but you were looking for things other than semis.

EagleFishTree

I didn't really know about this. I did some reading about DAO yesterday that does seem cool.

Mr_Deep_Research

Links [https://en.bitcoin.it/wiki/Value\_overflow\_incident](https://en.bitcoin.it/wiki/Value_overflow_incident) "Therefore, the bitcoins created by it do not exist either. While the transaction does not exist anymor" If you got your coins after the rollback checkpoint by the devs, your coins disappear, even if you had them in secure storage. The ledger was changed and transactions were chopped off. Same with Ethereum https://www.gemini.com/cryptopedia/the-dao-hack-makerdao "The hard fork effectively rolled back the Ethereum network’s history to before The DAO attack and reallocated The DAO’s ether to a different smart contract so that investors could withdraw their funds. This was extremely controversial — after all, blockchains are supposed to be immutable and censorship-resistant." Coins are gone. They can erase any coins they want to, at any time. And they have done it in the past. And nobody cares. The miner cartel can also do it https://www.investopedia.com/terms/d/doublespending.asp Ledger hardware wallet hacks https://techcrunch.com/2023/12/14/supply-chain-attack-targeting-ledger-crypto-wallet-leaves-users-hacked/ When you order a phone or a PC online, the hardware can be already compromised because it is worth it for a criminal to do it since there's no getting it back once it is gone. And the best part is, you will never know how it is done and you will think everything is safe until you go and check it or try to use it.

veggie151

Having worked at a DAO, yes

pbNANDjelly

Hard disagree. Crypto developers also go tits up and get scammed. I briefly contributed to a DAO and the space is fubar.

kuonanaxu

Says a lot about your crypto knowledge if you say FTX and Celsius were decentralized. Where were their DAOs? And I don't care what their CEOs were saying(FYI, true Defi protocols don't have CEOs). I've utilized Spoolfi's services for over a year now while also being a part of the DAO and I can confidently say that only a few protocols out there meet their standard in terms of decentralization.

dontGetHttps

>We don’t criticize gold for its energy use, why should we do the same for a digital store of wealth? Some people do criticize its use, especially as a store of value. There's a Buffet quote (maybe apocryphal) that comes to mind: "It gets dug out of the ground in Africa, or some place. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it." That said, gold is a critical material in computing. >I’m in the process of learning about smart contracts. Imagine being able to write your own contract like automated escrow without the need for a middleman. Always good to learn. I think you will find that "code is law"/smart contracts sounded like a very good idea, until it was implemented. Its led to extremely funny disasters (The DAO comes to mind, probably the easiest to research although there have been many) over the last few years. Short summary: people write contracts with bugs or don't consider scenarios. Someone comes along and exploits it, taking all the money. Crypto bros have a deep soul searching moment as they contemplate whether this was a hack or valid action. Sometimes they get the money back, sometimes they can revert the smart contract, mostly they don't. It's not really a workable concept due to the realities of software development and human society (I'm not going go into more details, as this is already getting long. Matt Levine on Bloomberg is an excellent source as he was a securities lawyer and has a lot of experience with how markets actually work).

hashtag_wills

Google “what is a DAO”

tope0677

Index fund investing might stop working, but EONIAN DAO will never stop. It is a Decentralized platform. Check it out

Comfortable_Idea_742

Once the bullrun returns, I predict that the metaverse will also pump. In order to protect their riches, consumers frequently pump privacy-related cryptos during market peaks. I see DAO projects like Q Blockchain performing well in 2025 and beyond, although it is still unclear how DAOs will be profitable. But they are the ones who can do it if anyone is in a position to.

Comfortable_Idea_742

Once the bullrun returns, I predict that the metaverse will also pump. In order to protect their riches, consumers frequently pump privacy-related cryptos during market peaks. ​ I see DAO projects like Q Blockchain performing well in 2025 and beyond, although it is still unclear how DAOs will be profitable. But they are the ones who can do it if anyone is in a position to.

Comfortable_Idea_742

Once the bullrun returns, I predict that the metaverse will also pump. In order to protect their riches, consumers frequently pump privacy-related cryptos during market peaks. I see DAO projects like Q Blockchain performing well in 2025 and beyond, although it is still unclear how DAOs will be profitable. But they are the ones who can do it if anyone is in a position to.

Comfortable_Idea_742

Once the bullrun returns, I predict that the metaverse will also pump. In order to protect their riches, consumers frequently pump privacy-related cryptos during market peaks. I see DAO projects like Q Blockchain performing well in 2025 and beyond, although it is still unclear how DAOs will be profitable. But they are the ones who can do it if anyone is in a position to.

WaveNo3034

Guppi isn't just a set of tools; it's an ecosystem. With our token serving as the backbone, holders benefit from premium features, DAO decision-making rights, and a lucrative staking system. By partnering with us, you're not just joining a service; you're investing in a stable DeFi ecosystem, the future of crypto.

Accomplished_Yard127

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Infinite-Effect1989

Step 1: Buy Monero Step 2: Convince your wife's boyfriend who is a crypto bro that there is demand for a DAO backed by options in his girlfriend's company Step 3: ??? (liquidity grows on trees) Step 4: Profit! Feds will see nothing wrong with this. Since it's Monero they won't even know it's you lol.

jawni

I own a membership to a DAO that owns and manages a golf club among many other benefits, we facilitate membership using an NFT. I can access a ton of benefits from anywhere on the globe without assistance from a single human and also sell that membership whenever and to whoever I please . The composability also allows other protocols to use the NFT, so for example I could loan out the NFT for a fee if I wanted, also whenever and to whoever without needing any intermediary besides the code that governs whatever I'm using.

aytikvjo

>It's called blockspace. In fact, that blockspace is in quite high demand. Use an SQL database - much cheaper, faster, and easier to use and set up. ​ >ETH is the ABILITY to publish any information such that: Yeah a few hundred bytes at most. Turns out most use cases for data storage involve many orders of magnitude more than that. You can't store any appreciable amount of information on the blockchain. You do know that the jpeg's for NFT's aren't actually stored on the blockchain right? ​ >Everyone in the world can see it with 0 downtime. A web server with 99.99% uptime is pretty easy to do. Why pay 10000x for a few extra 9's that you can get cheaper on AWS or Azure with a high availability / fault tolerant setup? Why go out of your way to solve a problem using the most expensive complex solution possible when we already know how to do it cheap and with off the shelf tools? ​ >No one in the world can change it, Irreversible transactions are a bad thing. What if you make a mistake? How do you correct fraud? What if someone steals your tokens? These are major downsides that has been fundamentally designed into the crypto system. Also, the ethereum foundation has 'reverted' the chain in the past when they stood to benefit. Remember the original DAO? Past history has already proved you wrong here. ​ >No one in the world can stop any other person or protocol from interacting with it, according to your rules. Except your ISP or the government if they wanted to. ​ >ETH is also the ability to interact with the information anyone else has published according to the rules they have set. So when someone steals your tokens by exploiting a "smart" contract bug it's not a crime because they were just playing by the rules right? ​ >Some of the information that people have used so far include ownership of collectables, tokens which denote ownership in a protocol, governing or distribution rights of businesses... These all rely on a central authority to assert ownership. The blockchain itself has no actual authority over anything. You can certainly \_claim\_ that some token is tied to some real object, but that doesn't actually prevent anyone from walking off with the real thing. Also most of the outline use cases you listed don't actually exist. They certainly get repeated a lot, but nobody does any of those things because we already have better tools to do them. Heck ethereum doesn't even solve any problems in those spaces because most of the issues are related to things like frontends, data entry, standardizations, and access control. The database backend is the least of their problems. ​ >ETH is what you need to pay to interact with the Ethereum network ​ > ETH is backed by the network itself - billions of dollars staked, billions of dollars locked in defi and stablecoins, There are no dollars 'locked' in ethereum. You can not extract the market cap of ethereum in dollars. It's a thinly traded asset with almost no liquidity. ​ >advanced cryptography, a strong and growing community, thousands of nodes around the world, bright, enthusiastic well funded engineers, etc. Yeah because nobody else uses cryptography or has capable engineering staff.

jawni

>It’s hard for me to see any actual utility for crypto You don't see any utility in smart contracts or even just the utility of having an open network that settles transaction near instantly? Or DAO's?

zvive

technically it could backfire but still be a boon for the rest of us. It's built on activitypub, so the federverse might benefit by finally getting mass adoption, while also killing off traditional social networks. though I'm not a huge fan of full decentralization, I think there should be some Wikipedia like DAO managed org at the center so usernames can be uniform and unique and but username@server1 and username@server2 being two different users. It'd also be nice to have a verification mechanism but maybe that pays the bills for the core dev team, but it's income based, or basically if you can prove you make under 50k it's free, upto 1 million it's $10, above that it's 25k per year for celebrities and rich people. hell for narcissist billionaires we could have tiers and more purple your verification the more money you're paying for it, the higher your status in life must be, because you're a rich bastard.

btoned

Of the top tech I'd pick Amazon or Google. Microsoft and Apple, while ubiquitous, are overvalued beyond belief in my eyes and cloud offerings are inferior to the aforementioned. Meta is a wildcard as I think we're beyond the peak of social media regardless of the DAO numbers they bring out. I encounter nothing but ads and bots on their platforms.

LonestarJones

I dont recall saying anything about interest rates being high for ANY amount of time so I don’t know where you’re getting that. I’ve said they are targeted 2%, we aren’t there yet. I’ve said we’d get two more rates hikes, yet was surprised by the skip decision today, thinking they should have just cont’d to pull the bandaid off. I know there target is at least 5.5 so when they get there, who knows how long they pause for. “Rate cuts this year will not be appropriate” and “We are talking about a couple of years out for rate cuts” are two points that stuck out to me. Idk, I just follow this shit to better trade shitcoins Closed +30.64% today shorting Lido DAO/usdt on 5x

OnlyOneNut

Year old account suddenly starts spamming DAO today along with another sketchy bot account hmm

silentjxhn

> The use of an item provides benefits, not the exchange on the market The use of BTC provides access to the Bitcoin protocol. The use of ETH provides access to the Ethereum protocol (among other uses that I described above). You're confusing transactions with 'exchanging'. A transaction in the context of crypto means an interaction with the protocol. I can transact on Ethereum with my Ether (since it costs ETH to use a contract) and engage in defi, vote in DAO, mint NFT, provide liquidity on an exchange, get insurance, take out a loan, etc etc etc. Let me put it another way. Without BTC you cannot use the bitcoin protocol. You cannot send transactions. You require BTC. That is its use. Now, you can argue all you want on whether crypto blockspace has value (clearly it does since people are using it, and using it a lot) just like we can argue whether iPhones have value to AAPL holders. The AAPL stock isn't really what's valuable here. It's just a representation of company "ownership", a claim of profits, a vote, etc. AAPL stock without the company and without the company's products is worthless. BTC or ETH without the protocol's product (blockspace) is probably just as worthless. You have it backwards. **You have a fundamental misunderstanding of how any of this works.** > Bitcoin can be exchanged but it cannot be used. You are wrong. It's used to interact with the Bitcoin protocol, ie you need to spend BTC via protocol fees to use the blockchain. > People are exchanging it for sake of exchanging it. Some are. Not everybody. You are purposefully being dense.

SPAC_Time

Most likely the majority of the expenses are legal fees. According to [their 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/1849635/000119312523116102/d474123d10k.htm#toc474123_6:~:text=our%20current%20operations.-,Item%C2%A03.,Legal%20Proceedings.,-Except%20as%20indicated) and 10-Q filings, DWAC is being investigated by FINRA ( for insider trading ), two separate SEC investigations, and a Federal Grand Jury. The second SEC investigation is "an order of examination pursuant to Section 8(e) of the Securities Act, with respect to the S-4 Registration Statement" Section 8(e) is "an examination in any case in order to determine whether a stop order should issue". So the SEC is investigating whether the SEC should issue a stop order on the S-4 registration statement. A stop order would prevent the public sale of TMTG private stock, and hence the merger, until DWAC has corrected the deficiencies or misleading information that led to the stop order being issued. [This is an example of a SEC stop order brief](https://www.sec.gov/files/litigation/apdocuments/3-21243_2023-4-18_div-enforcement-reply-brief-iso-issuing-stop-order.pdf), issued this year. It's interesting to compare the timeline of this case to DWAC. American CryptoFed DAO LLC filed a Form S-1 registration statement with the SEC on September 17, 2021. **On November 9, 2021**, the SEC began an investigation under Section 8(e). American CryptoFed DAO [tried to withdraw the registration](https://www.sec.gov/rules/other/2022/33-11074.pdf); the SEC would not allow it to be withdrawn while American CryptoFed was under investigation. The "BRIEF IN SUPPORT OF ISSUING A STOP ORDER" was just issued **on April 18, 2023**. So it took 17 months from the time the 8(e) investigation began until the brief supporting a stop order was filed. No idea if that is an average timeline or not. The DWAC S-4 was filed on May 16, 2022. Then the SEC ordered the examination of the S-4 pursuant to Section 8(e). ***If*** it takes roughly the same time to process that examination, it would be around October or November of 2023 before the SEC either clears DWAC or issues a brief in support of issuing a stop order. Anyway, chances are the majority of the almost $17 million of "accrued expenses" in 2022 were legal fees. As the WaPo article linked earlier stated, the 10-K has the disclaimer that the money in its trust account could “become **subject to the claims of our creditors which would have higher priority than the claims of our public stockholders**.” If those creditor claims are in fact held by legal firms, then it seems a good bet those firms will seek to collect their claims by any necessary means, should the merger fail and DWAC be forced to liquidate, including filing claims against the trust.

Belmont_the_IV

There will always be a physical medium of exchange....but, let's use gold for example. Let's say they don't want you to buy gold....a CBDC or "digital dollar" in conjunction with a FedNow payment system would completely prevent you from buying gold. Why would they want to do that? Well, UBI or need/income based programs would be a starting point. They surely don't want you converting dependency into sovereignty. Or maybe negative interest rates...bail-ins. real-time control of issued currency that doesn't have to go through court orders. Wait til DAO's potentially start making court ordered judgments instantaneously. And if all your assets and/or deeds are tokenized, those can be seized as well. The potential control has endless potential. That said, it's a bit dystopian hyperbole. But, you have to ask yourself...of those above controls you mentioned were, in fact, sufficient. Then why are they utilizing DLT for cross-border remittance rails and to develop CBDC's along with the FedNow payment system? https://milkeninstitute.org/article/fintech-focus-cbdc-proxy-voting And, if there is potential to profit from these layer 1 protocols that may facilitate a lot of this ...would you blame someone?

Puzzleheaded_Music63

A DAO is a decentralized autonomous organization, originally started out that you had to own a nft/token created by this group. Later though free ones popped up. they allowed people to listen to calls by people who had inside information or had done sufficient research to say whether the project was worth time investing in.

VisualMod

>I think it's a great idea! I would definitely be interested in joining and supporting a Silvergate DAO. I think it could be a really powerful way to decentralize the bank and give shareholders more control over its operations.

VisualMod

>This is an interesting idea, but I'm not sure if it's feasible or desirable. There are many legal, technical, and financial challenges involved in converting a traditional bank into a DAO. There are also risks and uncertainties associated with running a DAO in a highly regulated and volatile industry.

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|2 minutes ago **Total Comments**|0|**Previous Best DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) >TL;DR: Silvergate Capital Corp, a crypto-focused bank, is shutting down its operations and liquidating its assets. Some shareholders and customers are exploring the idea of converting Silvergate into a DAO (decentralized autonomous organization). What do you think? Would you be interested in joining or supporting a Silvergate DAO?

EatTheRich4200

I think so, especially as things like DAOs evolve, I dont see why a DAO couldn't form, pool resources and loan out money themselves under democratically decided rates/reserves/mechanisms etc. Seems in the future that banks could be unnecessary middlemen. Further if people decide that their mismanagement is costing us through bailouts/inflation they could even come to be seen as a hindrance to the economy.

waitplzdontgo

Lmao. What real world problem is this solving? Answer: obviously fucking nothing. As always blockchains are a solution in search of a problem. In this case this “solution” provides nothing of utility since it’s easy enough to just input false data at the beginning. When are you blockchain bros going to learn that “the data gets changed secretly by someone somewhere to corrupt it” is not actually a fucking problem in the real world that is faced by literally any developer. Not only that, but the vaunted “immutability” of a blockchain is a flat out fucking lie since the miners collectively decide what the true version of events is, and if enough of them get impacted they simply just rewrite history to pretend like the bad thing didn’t happen (see also: The DAO and Ethereum vs Ethereum Classic). Blockchains are never going to be a solution for anything which is why essentially 100% of companies that announced some blockchain product bullshit quietly shelve it after a year or two since it provides no utility, isn’t actually used by anyone, is a gigantic time suck, and makes fixing mistakes in production a fucking nightmare.

Trick-Blueberry8584

It was nice to be part of this decentralized project. The New World Order DAO provides a new system for decentralized governance of civic and economic equity.

Robincrypto1140

Engaging in both That's what I do currently! Looking out for more stocks and Defi vaults and arbitrage opportunities DEEP DAO of fluid Finance has got my attention.

StupidPockets

The future is smart contracts DAO and talking to people person to person. If you’re in New York and I’m in Seattle, it seems the metaverse is the only way to communicate. Get with the times

Nmanga90

Yeah they see that it’s centralized as fuck and is a company under the guise of a DAO, which is a perfect way to get into blockchain as a VC.

ubzrvnT

somebody setup WaSaBi DAO to fund it!

kerbytore

🤑 Win big with u/Milkywaydefi's 26th lottery event today! 🤑 Experience the future of trading on our one-of-a-kind decentralized platform, featuring a vested farming reward system for high APR on staking. Join us as we build a true DAO for all! 🤝

One_Goat_2400

MTGDao is supported by DAO Maker the number 1 launchpad on crypto space. Last one was stepp app that's holding a 150x right now. It’s dao maker's first baby token incubated by there baby mint program. Community driven coin with game theory that rewards people that burn token and increase token holders. @mtgdaochat

Single-Emotion-9247

Tg: @MTGDaoChat These guys are being supported by DAO Maker - - number 1 launchpad on crypto - Last one was stepp app that's holding a 150x right now. - MTG is the first meme token incubated by dao maker. - Community driven coin with game theory that rewards people that burn token and increase token holders.

cascadianone

I'm not sure there's any great financial play to make here. The D&D community just needs to crush WOTC into unprofitability until Hasbro sells them off. During that time, maybe form a D&D DAO and get ready: When the numbers are looking rotten enough, create a SPAC, gobble up WOTC, then go private at $420/share like Elon. It would be a terrible business decision and a huge waste of cash, but might be the best thing to happen to a cultural touchstone that nobody wants to pay money for. Besides, what is the real D&D product? They can't copywrite the game's mechanics. So, um, what? IP of a certain kind of Dragon? A Bard trying to sleep with ALL the tavern's wait-staff? Orcs pillaging your mom's village? Somebody call Chris Pine's agent and find out. I'll wait.

baconcheeseburgarian

The entire point of crypto was it was decentralized and didnt require us to trust centralized institutions. Companies fail because of corrypto people, but that's a people problem not a crypto problem. Projecting the failures of FTX across the entire space is gross generalization that doesnt seem to differentiate between types of businesses and the technology itself. Decentralized exchanges exist and thrive alongside centralized institutions. Consumers are just more conditioned to centralized institutions. I dont keep my coins in an exchange. That just exposes me to additional risks. I certainly dont use exchanges based in the Bahamas next to the online casinos. One of the killer aspects of at least bitcoin is the fact its decentralized and cannot be confiscated without giving away the keys. We dont need centralized institutions though, DAO's show we can manage and even scale companies through code, smart contracts allow tech companies to bring their engineering power to the table innovating financial services and creating entirely new business segments and maybe even more viable business models less dependent on ad revenue. So long story, take possession of your property and dont trust a centralized institutions in traditional finance to manage your money because for hundreds of years they keep stealing it which is why Satoshi made Bitcoin in the first place. You can claim crypto is completely useless but every moment its not $0 proves you wrong. Everytime people use it to exchange value proves you wrong. I know many people that have used crypto to pay their bills. So it appears to be viable as currency and for use in the exchange of goods and services. As far as interest rates, at least Bitcoin has a predictable monetary policy that isnt at the whims of politicians and bankers that oftentimes punishes savers. Maybe I feel better knowing my long term wealth isnt being stored in currency with inflation over 8% a year, backed by $31T in sovereign debt and ultimately based on faith in the long term viability of a nation that exists via lines drawn on maps and more paper that has proven can be rendered meaningless by corruptible people sweeping into office. Bitcoins price might be volatile, but id rather my wealth be in something deflationary than inflationary. We've lived through periods of junk bonds offering crazy interest being worthless paper before. We've had investors buying sub prime mortgages packaged up and graded as investment grade assets only to see the underlying assets plummet in value and wipe out entire banks and steal homes from millions of Americans. Shorting requires speculators too. The market has consistently shown that despite you saying crypto has no value it continues to be traded for real value and it gets bigger and bigger every year. Let's not generalize an entire industry because of the actions of a handful of bad actors. Let's not judge all cryptocurrency protocols and technology as the same because an exchange in the Bahamas was scamming people. Cryptocurrencies are a logical innovation of finance that allows big tech to start working with programmable money. If you cant see the potential of the technology or the competitive threat it poses to traditional finance and want to generalize everything as a scam, well, I think the market is going to continue proving you wrong as it has over the last 14 years since Bitcoin was first released.

danilody

start a DAO now!

acosti

2 collections of NFT's on OPENSEA [https://opensea.io/collection/catcoinnfts-bnb](https://opensea.io/collection/catcoinnfts-bnb) [https://opensea.io/collection/catcoinyatchclub](https://opensea.io/collection/catcoinyatchclub) Our staking platform worth $110.000 (our build, not outside things) [https://staking.catcoin.io](https://staking.catcoin.io/) Our Voting system (DAO) [https://voting.catcoin.io](https://voting.catcoin.io/) Contract is renounced, liquidity is locked for 7 YEARS!!!

BrotherAmazing

Whoever’s is downvoting you has no clue how Bitcoin works or the history of how it was started. Bitcoin started without any “speculative investing” at all. It was merely an ingenious, but experimental, decentralized peer-to-peer electronic payment network that requires no trusted 3rd party. If you are still clueless, think BitTorrent but you are not sharing (transacting) files, but are transacting digital coins that are algorithmically constrained to have a fixed supply and fixed algorithmic monetary policy internal to the network. The genius part was how to make that secure so that people transacting can’t spend (transact) the same coin twice, like you can indeed share the same file twice in decentralized file sharing protocols, and how to make sure the network was secure and could not be “hacked”. *It is important to note Bitcoin was freely started without any Initial Coin Offering, was publicly announced months before it started and open to anyone to mine right from the start, never had a for-profit Corporate entity, never had a dev team getting paid with some % of the bitcoin token supply, etc., and very few people at the time of inception had any expectation they would turn a profit. In fact, some of the world’s most intelligent cryptographers mined a little bitcoin for fun, then stopped and posted that they just didn’t think BTC could ever gain true value in USD.* **Because of the above, even the SEC agrees Bitcoin is clearly not a security.** Fast forward to Bitcoin *the payment network’s* initial success. Because the network was successful and people (mostly criminals, sure, but not all criminals) demanded use of the network, now there was demand for BTC—real demand derived from the real use case of the network. If you are a drug dealer unbanked, you can send and receive payments on Bitcoin that go to final irreversible settlement faster than Visa/ACH, which can he disputed or reversed, and Bitcoin will never deny/decline a transaction if you have enough BTC like a bank would, and won’t sanction you, plus it provides strong privacy without KYC/AML laws if, and only if, you use it as it was designed to be used. Demand to use the network with fixed supply, even if half the demand was from nerds and half from illicit activity, is still demand so then BTC did gain real value because you need BTC to use the network. Now the speculators come in after that, and drive up the price even more, but it’s not a market with a lot of liquidity and it’s hard to say if the speculative demand can really sustain itself for the long run, even if the non-speculative demand for BTC to actually use the network is sustainable…. so I have a feeling the BTC price in USD is getting overvalued in these bull super cycles and is “not real”, but the underlying demand to transact on the network is real, it’s not a security, and it’s unique. Nearly every other cryptocurrency starts off seeing Bitcoin in hindsight and their founders want to get rich so they pre-mine coins, set aside large percentages of the token supply for themselves, the dev team, the foundation, Shitcoin Corp. Executive Compensation, the DAO, and on and on and yea, sounds a lot like a fucking security, especially when they hold Initial Coin Offerings (ICO) too! lulz

RazPie

Haha you should start a DAO and name it that

Environmental_Fly691

Nouns is not a scam, you don't have to buy anything and you are not asked to do anything. It is a DAO that dedicates its ETH to fund ideas that can grow its brand. They don't give you money, but they do give you financial support to continue with the activities that they believe help Nouns. You can search on networks, see the initiatives they have carried out so you can understand a little better what they are about. The only benefit I get from this post is to give visibility to my newsletter (in which I create educational content for Nouns DAO). I understand that you are used to seeing a lot of scams around here, but if you do a quick Google search you will see that it is true.

randomFrenchDeadbeat

>A whole bunch of people are thinking about crypto like stocks, investments, w/e. It's not. **It's digital currency.** No, it is not. People believe it is, because they'd really like to, and because they were led to believe it by scammers. Check what a DAO is.

ETHmaxi2016

I was nervous as fuck something was going to go wrong but I’ve seen the Ethereum Core Dev team pull off some massive fears over the past 7 years, despite all the hate they get online. I was also balls deep in The DAO Hub hack years ago and was impressed by their response so felt safe but also scared shitless. I didn’t do anything special besides check about a million times that my staking nodes were running correctly.

Swap_D

DeFi Options DAO Twitter: https://twitter.com/DeFiOptionsDAO By the way, Happy Cake Day! 🍰

Swap_D

Well, depending on our experience with the usual "Ponzi DeFi" protocols, you aren't incorrect. But like I mentioned, this is v2 of our protocol in development, meaning we already have a pool of users implementing strategies on our v1 at the moment, and (if you're really interested in DeFi in its truest sense) we've always had a decentralization-first approach - no VCs behind us, no aggressive marketing gimmicks, no shilling on Twitter and Reddit via influencers, no single person controlling the DAO funds.

ironmagnesiumzinc

It's mostly up to users and hosting services to decide which mev boost relay to use. I use a relay on my validators that doesn't censor transactions. Also you can contribute your opinions in the DAO if you have you have concerns about the direction of a fork or upgrade. I do also get worried about validators naturally gravitation toward centralized solutions like Lido but I think Rockwtpool and other decentralized solutions will win out in the end bc they provide a better service and rewards. Also I think the devs are actively fighting censorship and keeping it decentralized https://www.coindesk.com/tech/2022/11/09/vitalik-buterins-new-ethereum-roadmap-takes-aim-at-mev-and-censorship/

SillyFlyGuy

DAO founder DOA

hardervalue

How many more DAO founders stole enough to afford to fake their deaths?

rock_accord

Sorry I'm out of the loop. Who's the maker DAO person & what was the cryptic tweet?

HarkansawJack

MakerDAO founder - DEAD KeeperDAO founder - DEAD How many more DAO entities are there?

HarkansawJack

And the maker DAO founder just drowned down in Mexico after a cryptic tweet. My personal theory is that LOTS of drug & trafficking money was in crypto and lots of that money has disappeared. There must be some very angry very shady people out there rn.

Overall-Cry-4319

Because even for those __well__ versed in Bitcoin, managing a wallet is difficult and risky; it's the conceptual equivalent of keeping cash under your mattress. For most people it is prohibitively complicated. Now multiply that difficulty by the exotic technologies that exist. Do you have a NFT? What about a fungible token? What blockchain implements your token? Is your token part of a DAO and can it be used to execute votes? Maybe your crypto isn't even on a blockchain, what does the private key for a Tangle^tm look like? How do you verify receipt or spend from a Tagle wallet? Like dude, I follow this stuff and it's unbelievably dense. Coinbase has whole teams of people whose full time job is to understand this stuff and I guaran-fucking-tee you that most those people specialize in a handful of products and aren't wizards who natively understand all crypto.